Updated Triple-Wide Mobile
For Sale
$395,000
7326 San Bartolo Street Unit 220, Carlsbad, CA 92011
Gated 55+ coastal community residence with remodeled interiors, a finished shed, and access to extensive recreational amenities.
Property Size1,704 SF
Price / SF$231.81
Days on Market186
Property Features for 7326 San Bartolo Street Unit 220
General Information
Standard status
Active
Size
1,704 SF
Total Parking Spaces
3
Property subtype
Mobile Home / Mobile Home on Land
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
gated community
pool
spa
fitness center
library
fireside lounge
art gallery
arts & crafts room
recreation room
lakeside patio
fire pit
fireplace
Building Details
Year Built
1976
Buildings
1
Construction
manufactured home
Listing Agency:
RE/MAX Connections
(760) 415-7007
Listed By:
Bruce Palizban · License #01807369
(760) 415-7007
Source:
Compass
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Connections
Investment Insights
Based on property information with market context.
This triple-wide manufactured home in Lakeshore Gardens offers 1,704 square feet with two bedrooms, two bathrooms, an open interior, and a California room. Interior improvements include remodeled bathrooms with jetted tubs, newer dual-pane windows, French doors, updated HVAC, new kitchen flooring, newer appliances, two skylights, and a renovated bar area. A finished shed adds flexible space for an office, craft room, or small gym, while a 220 outlet in the carport supports EV charging. The home may be delivered furnished or unfurnished.
The residence is part of a gated 55+ community containing 384 homes across a 54-acre park. Community features include 10 freshwater lakes, greenbelts, mature trees, a pool and spa, fitness center, library, fireside lounge, art gallery, arts and crafts room, recreation room with a full kitchen, and a lakeside patio with fire pit and fireplace. Carlsbad State Beach is within walking or biking distance, and RV parking is available for an additional fee.
The residence is part of a gated 55+ community containing 384 homes across a 54-acre park. Community features include 10 freshwater lakes, greenbelts, mature trees, a pool and spa, fitness center, library, fireside lounge, art gallery, arts and crafts room, recreation room with a full kitchen, and a lakeside patio with fire pit and fireplace. Carlsbad State Beach is within walking or biking distance, and RV parking is available for an additional fee.
Key Highlights
- Triple‑wide manufactured home with 1,704 SF, 2 bedrooms, and 2 bathrooms
- Located in a gated 55+ community with 384 homes on a 54‑acre park
- Partial ocean views and a California room for additional living and entertaining space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,832
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,640
$676.6K
Cap Rate 7%
$483,314
$483.3K
Cap Rate 9%
$375,911
$375.9K
Market Conditions
NOI Build-Up for 1,704 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.4K $37.80/SF
− Vacancy
−$2.9K −$1.70/SF
EGI
$61.5K $36.10/SF
− OpEx
−$27.7K −$16.24/SF
NOI
$33.8K $19.85/SF
Area
Carlsbad, CA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,640
Cap Rate 7%
$483,314
Cap Rate 9%
$375,911
Alternative Uses
Best Use
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,832 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.2K
$547.9K – $730.6K
NOI $43,834 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 92011, CA
23,757
Population
10,159
Households
2.3
Avg Household Size
46
Median Age
67%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
3,655
Density / Sq Mi
$154,985
Median Household Income
$84,788
Median Earnings
$3,138
Median Rent
$1,188,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Gated 55+ coastal community residence with remodeled interiors, a finished shed, and access to extensive recreational amenities.
Where is this mobile home & rv park located?
The property is located at 7326 San Bartolo Street Unit 220 Carlsbad, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Triple‑wide manufactured home with 1,704 SF, 2 bedrooms, and 2 bathrooms; Located in a gated 55+ community with 384 homes on a 54‑acre park; Partial ocean views and a California room for additional living and entertaining space
